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21249768
21249769

5120 E Livingston Dr, Long Beach, CA 90803 For Sale

RS
CA CA 01456379
Stepp Commercial
MT
CA 01867136
Stepp Commercial
Listed by Stepp Commercial
$12,200,000
554 days on market
Updated 121 days ago

Livingston Place

Details
APN 7249-012-005
Property Type Multifamily
Sub Type Apartment Building
Square Footage 16,874
Units 26
Cap Rate 3.76%
NOI $459,170
Pro-Forma Cap Rate 4.14%
Pro-Forma NOI $504,594
Year Built 1943
Buildings 4
Stories 2
Lot Size (SqFt) 15,908
Parking Spaces 13 spaces
Parking per 1,000 SqFt 0.77

26 Units | Prime Belmont Shore | Assumable Loan @ 2.97% Until 2030

Marketing description

Livingston Place is a 26-unit apartment complex located at 5120 Livingstone Drive in the highly sought-after Belmont Shore rental submarket of Long Beach.

Attractive assumable financing is available at 2.97% with 60% LTV through 2030.

The property consists of all 1-bedroom, 1-bathroom units in varying sizes, all remodeled with modern kitchens and bathrooms. A spacious and inviting common courtyard enhances the living experience, featuring BBQ and dining facilities. Additionally, the oversized lot includes 13 private garages, adding convenience and value for residents.

Recent capital improvements include upgraded electrical panels and completed seismic retrofitting.

Situated in the heart of Belmont Shore, Livingston Place offers a prime location just steps from the beach and within close proximity to Naples Island, the vibrant shopping and dining scene of 2nd Street, and the picturesque Alamitos Bay.

Investment highlights

  • Attractive Assumable Financing - 2.97% Until at 60% LTV until 2030

  • Prime Belmont Shore Location

  • All Units Remodeled with Modern Kitchens and Bathrooms

  • Updated Electrical Panels; Seismic Retrofitting Completed

  • Stunning Picnic Area with a Community BBQ

  • Oversized Lot with 13 Garages Included

Listing Contacts

RS
CA CA 01456379
Stepp Commercial
MT
CA 01867136
Stepp Commercial
Listed by Stepp Commercial

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$459,170.00
$38,264.17/mo

Valuation Metrics

0
DSCR
3.76%
Cap Rate
3.76%
ROI

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Additional Information

Name
Robert Stepp
License
CA 01456379
Brokerage Phone
3107743744
Brokerage Address
2850 Colorado Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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